answersLogoWhite

0


Best Answer
Copy

Not unless the children co-signed the note.

Well, the estate of the parents will owe the debt. First of all, the use of PARENT-S- plural assumes they both died at the same time? All the debts of the deceased will be paid first, and, assuming there is a will, the wishes of the parents, per their legal will, determines where the rest of the money goes.

No one except the person or persons who signed the legal loan papers, OR their estate, will be held responsible for any loans.

However, if the executor is alert and informed, he or she may try to get the lender to take the car back with monies paid to date coupled with the physical property considered legal elimination of the debt, dependent upon its condition of course.

User Avatar

Wiki User

โˆ™ 2015-07-15 19:33:59
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0
User Avatar

Add your answer:

Earn +5 pts
Q: If your parents owe money on an automobile loan at time of their death are their children responsible for the debt?
Write your answer...
Submit

Related Questions

Are children responsible for the parents court fees after their death in Malaysia?

In Malaysia law, when their parents decreased, do the children have to pay the court fees?


Are children responsible for parent debt after their death in VA?

The child is not responsible for the debts of the parents. The estate has to resolve all of these before they can close it out.


Are parents responsible for debts of a single adult child after death?

The decedent's estate is responsible for the debts of the decedent.


Who was w affected by the black death children or parents?

sorry i meant who was worst affected by the black death adults or children ?


Are minor children responsible for deceased parents debt in Louisiana?

No. The age of the children is not relevant unless they are adults who entered into a financial agreement with the parents. For example joint holders of a credit card account. The estate of deceased person(s) is responsible for paying any debts in the manner prescribed by the probate laws of the state where the person lived at the time of their death.


Who is responsible for Jill's death if Jack was shooting at Jill with a gun and Jill ran away and was killed by a car - what is the proximate cause?

Jack is responsible for Jill's death. the proximate cause was death by automobile brought about by Jill fleeing in fear from Jacks assault by gun by which means he intended her death.


What is the sibling household family?

Candice Richards -A sibling household consists of children living by themselves due to the death of their parents or as a result of their parents abandoning them. The eldest usually is the most responsible individual and he or she works and provides for the younger children .You may think what the advantages and disadvantages are.Well brainstorm


Are parents responsible for debts of children who pass away?

No way! Why would your parents have to pay your bills? There is no law that says they have to take over your bills in case of death. No such law exists. Why would you think so? No way! Why would you think so? There is no law that says your parents have to pay the debts of their kids in the event of death. No such law exists.


How were children affected by the black death?

Well, children were abandoned by their parents, and had no where to go. They were killed by the pestilence, and of starvation.


After a parent dies can adult children be held responsible for an apartment lease or the condition of the apartment?

Only if your name is on the existing lease. The parents estate can be held responsible for damages, but the lease itself is simply void upon death if no one on the lease is left alive.


Is child responsible for parents credit card debt after death?

I think that would be paid out of the estate and not by the child.


If parents disown their grown children for interfaith or interracial marriage do the parents take them back in the case of divorce or death?

Yes, they sometimes do.


Why did Freddie krueger start killing people?

He stalks and kills the children of the parent's that are responsible for his own death.


How much does an executer of an estate get in new york?

Who is responsible for parents death for credit cards medical bills etc.


Can a executor change a will after parents death?

No, the executor is responsible for carrying out the decedent's wishes as spelled out in the will, but the will itself cannot be changed.


Is a child responsible for any debt owed by parents upon their death?

They are not personally responsible. The estate has the responsibility to resolve the debts. If the assets are not adequate to resolve them, they have to be written off.


How is the problem in Harry Potter and the prisoner of Azkaban?

Harry is being stalked by the man believed to be the mass murderer responsible for his parents' death.


When you die your spouse and your children are the next of kin. What are your parents' roles?

If you have a surviving spouse and children your parents have no legal standing at the time of your death as next of kin except as heirs at law in Louisiana. See the related question for more about next of kin.If you have a surviving spouse and children your parents have no legal standing at the time of your death as next of kin except as heirs at law in Louisiana. See the related question for more about next of kin.If you have a surviving spouse and children your parents have no legal standing at the time of your death as next of kin except as heirs at law in Louisiana. See the related question for more about next of kin.If you have a surviving spouse and children your parents have no legal standing at the time of your death as next of kin except as heirs at law in Louisiana. See the related question for more about next of kin.


Why did Freddy krueger kill children?

He was sick minded and a right pyschopath. He would honestly kill anybody but children had that 'special' place to him. After his death, he wanted revenge on the children of the parents who burned him alive.


Can children sue their parents if they are deceased?

Yes they can, indirectly, such as in a case of wrongful death where the deceased parents killed others by the same actions which resulted in their own deaths. In other words, the accident or incident that killed the parents also killed a child or other person, and there is reason to think that the parents committed an act of negligence that resulted in the death of others. However, you would not be suing the parents, but making a claim against their insurance. But if the insurance refuses to pay, then you would sue the insurance company. Anyway, the children would not be suing the parents, but their parents' insurance or their parents' estate.


Are adult children responsible for medical bills of single parent when death occurs in Minnesota?

Contact a lawyer. The estate would be, but most likely not the children. To make sure call a lawyer.


What is Freddy krueger's motivation?

His motivation is to cause fear, to stalk, torment, and kill the children of the parents that caused his own death.


If you have durable power of attorney are you responsible for the debtors after death?

No, you are not responsible for the debt. The power of attorney terminated at the death of the deceased. The estate is responsible to resolve the debts.


Why did Harry Potter hate Sirius Black?

Harry Potter believed Sirius Black was responsible for the death of his parents until he heard the real story.


Would my mother's children be liable for any credit card debt she had at the time of her death?

Your mother's estate is responsible for her credit card debt.